Nonprofit · EIN 20-3919247
CARL AND JESSIE SUMMERS SCHOLARSHIP FUND
Tax-exempt · TUPELO, MS 38801
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $460,964 | $734,988 | -$274,024 | $6,403,428 | $0 | $6,403,428 |
| December 31, 2024 | 990-PF | $510,917 | $404,391 | $106,526 | $6,691,767 | $0 | $6,691,767 |
| December 31, 2023 | 990-PF | $291,784 | $403,294 | -$111,510 | $6,251,364 | $0 | $6,251,364 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $279,255
- Net gain from sales of assets
- $181,468
- Other income
- $241
Expenses
- Grants and similar amounts paid
- $662,594
- Compensation of officers, directors and key employees
- $67,580
- Disbursements for charitable purposes
- $679,772
- Excise tax on investment income
- $5,601
Balance sheet and other
- Total assets, start of year
- $6,691,767
- Total assets, end of year
- $6,403,428
- Total liabilities, end of year
- $0
- Net assets, end of year
- $6,403,428
- Fair market value of assets
- $8,355,814
- Qualifying distributions
- $679,772
- Net investment income
- $458,184
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HUNTINGTON NATIONAL BANK 4680 HIGHWAY 280 EAST, BIRMINGHAM, AL 35242 | CORPORATE TRUSTEE | 1 | $67,580 |
990-PF for the year ended December 31, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CADENCE BANK 4680 HIGHWAY 280 EAST, BIRMINGHAM, AL 35242 | CORPORATE TRUSTEE | 5 | $65,334 |
990-PF for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CADENCE BANK 4680 HIGHWAY 280 EAST, BIRMINGHAM, AL 35242 | CORPORATE TRUSTEE | 5 | $56,740 |
Address and contacts
- Address (IRS master file)
- 2910 WEST JACKSON ST BLDG A, TUPELO, MS 38801-6799
- In care of
- % BANCORPSOUTH BANK TTEE
- Signed the 990-PF
- BRAD SILCOX, TRUSTEE
- Phone
- (205) 558-7721
- Return prepared by
- RELIANCE INTEGRATED SOLUTIONS LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 20-3919247
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $6,403,428
- Income (IRS master file)
- $1,531,110
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $460,964 | $734,988 | $6,403,428 | IRS |
| 990-PF | December 2024 | $510,917 | $404,391 | $6,691,767 | IRS |
| 990-PF | December 2023 | $291,784 | $403,294 | $6,251,364 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-3919247).
Questions about CARL AND JESSIE SUMMERS SCHOLARSHIP FUND
- What is the EIN of CARL AND JESSIE SUMMERS SCHOLARSHIP FUND?
- The employer identification number (EIN) of CARL AND JESSIE SUMMERS SCHOLARSHIP FUND is 20-3919247.
- Is CARL AND JESSIE SUMMERS SCHOLARSHIP FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to CARL AND JESSIE SUMMERS SCHOLARSHIP FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does CARL AND JESSIE SUMMERS SCHOLARSHIP FUND file?
- Form 990-PF. Private foundations file every year.
- When is the next return of CARL AND JESSIE SUMMERS SCHOLARSHIP FUND due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CARL AND JESSIE SUMMERS SCHOLARSHIP FUND last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of CARL AND JESSIE SUMMERS SCHOLARSHIP FUND?
- The 990-PF for the year ended December 31, 2025 lists 1 person; 1 received compensation from the organization, the highest $67,580 (HUNTINGTON NATIONAL BANK, CORPORATE TRUSTEE).
- How much revenue does CARL AND JESSIE SUMMERS SCHOLARSHIP FUND have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $460,964, expenses of $734,988 and total assets of $6,403,428 at year end.
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